Cardinal Energy Ltd (Alberta) T.CJ

Alternate Symbol(s): CRLFF

Energy Oil & Gas E&P

Cardinal Energy Ltd. is a Canadian oil and natural gas company with operations focused on low decline oil in Western Canada. The Company is engaged in the acquisition, development, optimization and production of crude oil and natural gas in the provinces of Alberta, British Columbia and Saskatchewan. Its operating areas include the Midale, South District, Central District, and North District. Its Midale operating area of over 730 million barrels of original oil in place (OOIP) and its low decline in production of 3,200 barrels of oil equivalent per day (boe/d) (net) is supported by both waterflood and CO2 enhanced oil recovery. Its South District operating area is located east of Calgary in southeastern Alberta and produces medium gravity crude, as well as liquids-rich natural gas. Its Central District operation is located in East Central Alberta, which is focused on producing oil from multiple, large OOIP pools. Its North area includes Grande Prairie, Clearwater and other properties.

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Cardinal Energy Ltd (Alberta)

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Comment by largeinveston Nov 02, 2018 8:59pm

149 Views

Post# 28918048

RE:RE:RE:RE:RE:RE:RE:Yield

You guys are looking at these prices WCS or edmonton light as if they will last forever. What you really need to do is look at the strip pricing for 2019. For the differentials its sitting at around $30 (company NR GXO and BTE) We know why the prices are so low it has to do with 1 million bbls offline due to refinery maintenance which is set to end in a few days from now.

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